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. that being said, president obama only fanned the flames today painting a picture of government catastrophe based on the facts seems a bit trumped up. >> ladies and gentlemen, the president of the united states. >> reporter: in the first press conference of his second term, president obama wasted little time scaring the day lights out of millions of americans who rely on government paychecks for one service or another, of the consequences of a u.s. default. >> may not be able to pay our troops or honor our contracts with small business owners. food inspectors, air traffic controllers, specialists who track down nuclear materials wouldn't get their paychecks. >> reporter: the president's statement is speculative and not true because, frankly, no one knows what programs will be short changed if the u.s. can't meet its payment obligations. it's never happened before. but here is what we do know courtesy of the bipartisan policy center. if congress fails to raise the debt ceiling the government can spend only what it received in daily revenues each day. those revenues won't cover about 40% of g
. the more governments rely on many revenue sources, distributed revenue sources if you will, the less anyone will worry about being overtaxed. here's this. before proposition 30 expires, state leaders may want to consider varied revenue streams instead of the current concentrated system which leans so heavily on the wealthy that one day they may turn around and say we have enough. >> variable sources are always better. thank you very much, larry. >>> still ahead, what's next for lance armstrong. the potential legal trouble he could now be facing. >>> i'm janelle wang. the toughest gun control law in the nation. >>> violence in syria escalates. >>> san jose's interim police chief is set to take over in just a few days. coming e ining up, find out whas are his top priorities. >>> in just a few days, san jose's police department will be under new leadership. as we first told you on monday, larry esquivel will serve as acting chief. today we're hearing from him for the first time. nbc bay area's marianne favro is live from the police department with more. does he think he can make significant ch
the government launched air strikes across the country in rebel held neighborhoods. no word on a number of casualties but the u.n. estimates 50,000 syrians have been killed in the 22-month civil war. >>> over in afghanistan the afghan government is denying the findings of a u.n. report relessed just yesterday. the report said one-third of the prisoners recently transferred to afghan control of being tortured and said afghan spy agency is operating secret facilities to avoid international monitors. prince harry has wrapped up his latest tour of duty in afghanistan and is on his way back home to england now. the 28-year-old reportedly took out enemy taliban fighters while protecting british and nato soldiers. prince harry flew apache helicopters in the helmand province in southern afghanistan during his 20 weeks there. he was apparently treated just like one of the guys. when asked about his sister-in-law's pregnancy he said he's thrilled and can't wait to be an uncle. raj? >> thank you, janel. >>> still searching for answers about the boeing dreamliner. among the problems, a fire on a fl
in the algerian desert came to a bloody end. the algerian government reports that 32 islamic militants and 23 hostages are dead following an army raid today. the fourth day of that crisis. defense secretary leon panetta called the loss of life appalling and vowed to bring those terrorists to justice. >> nobody is going to attack the united states of america and get away with it. and for that reason, we have made a commitment that we're going to go after al qaeda wherever they are and wherever they try to hide. >> the u.s. can only confirm the death of one american engineer from texas and one british worker at this point. on thursday, the algerian army began its counterattack to liberate the plant that's deep in the desert, 800 miles from the ckacapital. rebels were about to drive the hostages to another country. >>> a man walked on stage and pointed a gas pistol at a politician who was giving a speech in bulgaria today. ahmad gogin, the turkish minority party leader, struck the man before he could pull a trigger. delegates wrestled him to the ground. dogin founded the group of rights and free
Search Results 0 to 3 of about 4

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